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Supreme Court Partially Allows Appeal in Recovery Suit Against Sick Industrial Company — Suspension of Proceedings Under Section 22(1) of SICA Does Not Bar Suit for Unadmitted Debt. High Court's Grant of 24% Compound Interest Reduced to 12% Simple Interest.

The case involves a dispute between Fertilizer Corporation of India Ltd. (FCIL), a public sector undertaking, and M/s Coromandal Sacks Private Limited...

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Bombay High Court Upholds Conviction of Appellants in Murder and Unlawful Assembly Case. Common Object Established for Offences Under Sections 302, 324, 143, 144, 147, 148 read with Section 149 IPC.

The appellants, Mohd. Hanif, Mohd. Azam, Mohd. Munaf, Mohd. Ansar, Mohd. Irfan, and Mohd. Amir, were convicted by the Sessions Judge, Akola, for offen...

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Supreme Court Dismisses Appeal in Company Law Dispute Over Share Transfer Validity and Limitation. Rectification of Register of Members under Sections 59 and 88 of Companies Act, 2013 requires proof of valid share transfer and petition within limitation.

The case involves an appeal by Chalasani Udaya Shankar and others against M/s. Lexus Technologies Pvt. Ltd. and others, arising from a company petitio...

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High Court of Karnataka Allows Second Appeal in Property Dispute — Sale Deed Valid Despite Non-Examination of Attesting Witness. Execution of sale deed can be proved by other evidence under Section 68 of Indian Evidence Act, 1872 when attesting witness is dead.

The appellant-plaintiff, Sri Thammaiah, filed a suit for declaration of title and permanent injunction (later amended to possession) in respect of sui...

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High Court Dismisses Arbitration Petitions Challenging Awards Under Multi-State Co-operative Societies Act -- Upholds Arbitrator's Jurisdiction in Banking Dispute with Co-operative Bank -- No Conflict Found with SARFAESI Act or RDB Act

The High Court dismissed two Commercial Arbitration Petitions challenging arbitral awards passed by an Arbitrator appointed under Section 84 of Multi-...